China Singyes Solar adjusts 2009 stock options on bonus share issue
Jul 27, 2012 - China Singyes Solar Technologies Holdings Ltd (HKG:0750) said today it had concluded the previously announced 105.1-million bonus share issue to shareholders, and unveiled certain adjustments to the stock options awarded in July 2009.
The company issued two new shares for every ten shares held by its shareholders of record on May 30, seeking to bolster the shares' liquidity and expand its shareholder base. As a result, it had to adjust the option outstanding amount related to the July 2009 options award to a bit over 30 million options, compared to 25 million prior to the bonus issue. Furthermore, Singyes Solar cut the exercise price to HKD 3.58 (USD 0.46/EUR 0.38) from HKD 4.30.
Singyes Solar is mainly engaged in the design, making and installation of conventional curtain walls and building integrated photovoltaic (BIPV) systems.